HomeMy WebLinkAbout[07b] Debt Management Study Council Agenda Item 7b
MEETING DATE: June 6, 2016
AGENDA ITEM: Monte Eastvold- Debt Management Study
SUBMITTED BY: Finance/Financial Advisor
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None
PREVIOUS COUNCIL ACTION: None
BACKGROUND INFORMATION: Annually, Monte Eastvold, financial advisor from Northland
Securities,prepares an analysis of the outstanding bonds held by the City of St. Joseph. Attached is the
2016 debt study(with balances as of 12/31/15)Monte prepared with the assistance of finance. The debt
study provides information of what the required tax levies and other revenue sources should be, what
debts might be a candidate to refund or payoff early, how many years remain on each debt, and the
summary of the debt costs versus the requirements to pay the total debt. The study only includes bonds
issued as of the most recent audited financial statements and the proposed government center bonds.
BUDGET/FISCAL IMPACT: Information Only
ATTACHMENTS: Request for Council Action
2016 Debt Management Study
REQUESTED COUNCIL ACTION: None—information only
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